STORY OF THE WEEK
The future is technologies that can improve user experience

Story of the week

14
Jun
2018

The future is technologies that can improve user experience

by Ákos Budai
Technology is changing the world of property all over the world. Here are our 10 key takeaways from PropTech360, Israel’s first global real estate and technology summit, hosted in Jerusalem last week.
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Retail

19
Jun
2018

Czech shopping centre are getting revitalised

by Property Forum
19 % of all existing shopping centres in the Czech Republic have been refurbished to date. Further revitalizations are yet to be completed, according to Cushman & Wakefield.
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Nova Imobiliare to spend €30 million on Bucharest mall Redevco appoints MAX Immo to lease Prague building Are Polish shopping centres child-friendly?

Report

19
Jun
2018

Data centres rise as investment products

by Property Forum
Romania ranks 6th in the top destinations in the data centres market in Europe, while the Nordics and the Netherlands occupy the first positions, according to Savills’ new Data Centre Investment Index. The number of data centres is multiplying to accommodate the surging demand for data storage. Thus, the need to have smaller scale domestic facilities to comply with data and privacy laws is set to lead to an uptick in activity across all of Europe.
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C&W Echinox estimates 33% increase in valuation volumes Some CEE markets may cool down before they truly heat up Globalisation and technology can’t be stopped

Residential

19
Jun
2018

AFI Europe launches Bucharest residential project

by Property Forum
AFI Europe Romania broke ground this month on AFI City, the first large-scale residential project to be developed by the company in Romania. TGC was assigned as the general contractor for the first phase of the project.
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New residential developer enters Bucharest Echo Investment to launch apartment rental platform Hagag fuels ahead in Bucharest

Investment

19
Jun
2018

Revetas buys TriGranit from TPG Real Estate

by Property Forum
Revetas, a specialist real estate investment manager focusing on the CEE region, together with funds managed by Goldman Sachs Asset Management, announced it has acquired TriGranit from TPG Real Estate, the real estate platform of global alternative asset firm TPG. Terms of the transaction were not disclosed.
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Immofinanz sells plots of land in Bucharest HB Reavis sells Prague office building to REICO Cromwell sells Czech business park for €17.5 million

Industrial

18
Jun
2018

Construction of Panattoni Park Warsaw South gets underway

by Property Forum
Panattoni Europe commenced the construction of a new distribution centre near Warsaw. Completion of the first part of the investment is anticipated in February 2019. The lease transaction was mediated by the advisory firm JLL.
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Polish industrial market expands at record rate New player enters Bucharest’s logistics market Panattoni Europe develops in Zielona Góra

Office

18
Jun
2018

TriGranit launces new project in Budapest

by Property Forum
TriGranit launched the construction of its new Class A office development, Millennium Gardens, which is the final element of the Millennium City Center in Budapest. After its expected completion in 2020, the two-winged office complex, will provide approx. 37,000 sqm GLA and more than 600 parking spaces for tenants, greatly emphasizing today’s employee and tenant needs. In 2018-2019, the company is working on the launch of four office developments in Central Europe. As for its size, Millennium Gardens is one of the biggest office development project in Budapest to be handed over till 2020. Within the coming 12 months, TriGranit plans the start of the construction of 77,000 sqm GLA office space in Central Europe.
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Polish regional markets set new highs Czech co-working space provider goes public Savills becomes PM of Bydgoszcz office building

Hotel

18
Jun
2018

Park Inn by Radisson reopens in Bratislava

by Property Forum
Park Inn by Radisson announced the reopening of the Park Inn by Radisson Danube Bratislava in Slovakia - after an extensive renovation over the last two years. The hotel is located in the heart of the historic centre, near to Bratislava Castle and the Danube River.
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Budapest hotel market grows rapidly Orbis opens first Mercure hotel in Macedonia Orbis opens ibis Styles hotel in Arad

Career

18
Jun
2018

AFI Europe Romania names new CEO

by Property Forum
AFI Europe Romania announced the appointment of Doron Klein as CEO of the company starting from July 2018. Doron currently leads AFI Europe’s Czech operations. He will replace David Hay, who held the position of CEO of AFI Europe Romania over the past seven years.
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BNP Paribas Real Estate appoints new CEO for CEE Immochan rebrands as Ceetrus CTP names new CFO

Interview

05
Jun
2018

Robots won’t be able to fully replace valuers

by Ákos Budai
Valuers are often listed among the professionals most likely to be affected by technology but few believe that all of their tasks can be done by robots. Stewart Thomson, Country Head for the Czech Republic at BNP Paribas Real Estate shared his expectations for the investment market and the future of the valuation business.
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Chinese and Korean investors target Prague actively Prague and Warsaw lead the way in student housing Czech Republic needs to get ready for a more digitised marketplace

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Property Forum is a leading event hub in the CEE real estate industry with nearly 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Milan, Germany, Bucharest, Budapest, Belgrade, Bratislava and Prague.
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